Rio Tinto Reportedly in Talks with Vitol on Freight and Logistics Joint Venture

Published: Jun 29, 2026 09:55

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Rio Tinto is reportedly in early-stage discussions with commodity trading giant Vitol regarding the formation of a freight and logistics joint venture. According to market sources, the talks include potential cooperation in freight management and freight risk management tools, although the structure and scope of any agreement have yet to be finalized. The discussions reflect Rio Tinto's ongoing efforts to strengthen supply chain efficiency and improve value creation across its commodity portfolio, including copper. The move follows the company's broader strategy of streamlining operations and enhancing commercial capabilities after ending acquisition talks with Glencore earlier this year.

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